European exchanges close with major losses

By Ovunc Kutlu

ISTANBUL (AA) - Stock exchanges in Europe closed Wednesday with major losses.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell 6.48 points, or 1.25%, to close at 511.51.

The UK's FTSE 100 shed almost 60 points, or 0.73%, to 8,159. France's CAC 40 slumped 82 points, or 1.1%, to end the session at 7,428.

Germany's DAX plummeted 220 points, or 1.13%, to finish at 19,257.

Italy's FTSE MIB decreased nearly 423 points, or 1.21%, to end the day at 34,502.

Spain's IBEX 35, meanwhile, lost 80 points, or 0.68%, to close at 11,715.